IDEAL Business, Law and Other Graduate Programs

Maximum loan amount:
Cost of education minus financial aid

Minimum loan amount:
$500

Aggregate IDEAL Program:
Law and business: $100,000
Others: $65,000

Interest rate:
91-day Treasury Bill +3.25% during in-school periods.
91-day Treasury Bill +3.4% during repayment.

Note: To verify index information used in our interest rate calculation, go to: www.publicdebt.treas.gov

Insurance fee:
3.5% with both borrower and cosigner required to be creditworthy.
5% with no cosigner.

Repayment fee:
1.5% of loan balance which will be added to the outstanding balance of the loan. Interest will be capitalized at the time of repayment and annually thereafter.

Repayment of your IDEAL Program loan begins the earlier of:

• 6 months after graduation or separation from the school, or
• 48 months after initial disbursement
  

You may apply for a loan by filling out an online application
or download an application form, fill it out, and mail it to IDAPP.